Report Update: May 1, 2024

Nigeria - Meat And Poultry - Market Analysis, Forecast, Size, Trends and Insights

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Meat and Poultry Price in Nigeria - 2022

Meat and Poultry Price in Nigeria (CIF) - 2022

The average meat and poultry import price stood at $3,357 per ton in 2022, dropping by -19.4% against the previous year. Overall, the import price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by 104% against the previous year. The import price peaked at $6,074 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($5,054 per ton), while the price for Niger ($408 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.6%), while the prices for the other major suppliers experienced a decline.

Meat and Poultry Price in Nigeria (FOB) - 2022

In 2022, the average meat and poultry export price amounted to $963 per ton, surging by 14% against the previous year. Over the period under review, the export price posted pronounced growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 2,186% against the previous year. As a result, the export price attained the peak level of $15,702 per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($10,507 per ton), while the average price for exports to South Africa ($1,060 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahamas (+22.2%), while the prices for the other major destinations experienced more modest paces of growth.

Meat and Poultry Imports in Nigeria

In 2022, the amount of meat and poultry imported into Nigeria fell rapidly to 307 tons, with a decrease of -25.6% against 2021 figures. In general, imports saw a precipitous descent. The pace of growth appeared the most rapid in 2021 when imports increased by 19% against the previous year.

In value terms, meat and poultry imports shrank rapidly to $1M in 2022. Over the period under review, imports showed a dramatic curtailment. The pace of growth was the most pronounced in 2021 with an increase of 27%.

Import of Meat and Poultry in Nigeria (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Benin	19.6	2.2	2.5	2.2	-51.8%
South Africa	1.3	0.5	1.1	0.8	-14.9%
Netherlands	0.3	0.1	0.1	0.1	-30.7%
Italy	0.5	0.2	0.4	0.1	-41.5%
Niger	N/A	N/A	N/A	N/A	0%
Belgium	N/A	N/A	N/A	N/A	0%
Others	-1.7	-1.7	-2.4	-2.3	10.6%
Total	20.0	1.4	1.7	1.0	-63.2%

Top Suppliers of Meat and Poultry to Nigeria in 2022:

Benin (1142.9 tons)
South Africa (162.1 tons)
Italy (27.0 tons)
Netherlands (26.8 tons)
Niger (24.7 tons)
Belgium (23.4 tons)

Meat and Poultry Exports in Nigeria

In 2022, the amount of meat and poultry exported from Nigeria dropped notably to 50 tons, falling by -38.7% against 2021 figures. In general, exports saw a sharp setback. The most prominent rate of growth was recorded in 2021 with an increase of 343%.

In value terms, meat and poultry exports declined sharply to $48K in 2022. Over the period under review, exports faced a precipitous decrease. The most prominent rate of growth was recorded in 2021 with an increase of 151% against the previous year.

Export of Meat and Poultry in Nigeria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Africa	0.1	31.1	0.1	32.2	585.4%
Ireland	3.7	9.3	13.1	12.0	48.0%
United Arab Emirates	3.4	0.3	10.6	6.8	26.0%
Hong Kong SAR	N/A	N/A	47.5	N/A	0%
Vietnam	14.3	N/A	N/A	N/A	0%
Zimbabwe	N/A	N/A	N/A	N/A	0%
Myanmar	14.3	N/A	N/A	N/A	0%
Ghana	154	17.4	N/A	N/A	-88.7%
Others	-3.2	-30.8	-2.6	-3.1	-1.1%
Total	187	27.3	68.6	47.9	-36.5%

Top Export Markets for Meat and Poultry from Nigeria in 2022:

South Africa (30.4 tons)
Ireland (5.2 tons)
United Arab Emirates (0.6 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the meat and poultry market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 1108 - Meat of asses
FCL 1089 - Meat of pigeons and other birds nes
FCL 947 - Buffalo meat
FCL 1127 - Meat of camels
FCL 867 - Meat of cattle
FCL 870 - Meat of cattle, boneless
FCL 1058 - Chicken meat
FCL 1069 - Duck meat
FCL 1017 - Goat meat
FCL 1073 - Goose meat
FCL 1097 - Horse meat
FCL 1111 - Meat of mules
FCL 1158 - Meat of other domestic camelids
FCL 1151 - Meat of other domestic rodents
FCL 1035 - Pig meat
FCL 1141 - Rabbit meat
FCL 977 - Meat of sheep
FCL 1080 - Turkey meat

Country coverage:

Nigeria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nigeria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023